PnF TA

[klee]

It make sense to be bullish, but it's hard to trade in such a volatile market. Isn't the stops won't be hold and all long positions will be flushed out before it can reach the highs?

Not sure what you mean but in general I struggled very much with BTC to find a setup (HL or CLOSE, box size, reversal, etc) which will allow me to enter a breakout without getting dumped immediately or soon. BTC tends to react with counter moves in the breakouts/breakdowns and usually you can't enter soon in strong ones because of low liquidity (sudden spikes of many dollars length).

The solutions I have found are:

1) Using a combination of charts which with my experience complement well each other. It is essential unfortunately that you look the market from many different angles. A very efficient (so far) chart is 2h CLOSE 1x1. I advised my readers to go long as soon as when we closed 2h at 232.*
2) Buying at the very strong supports (or selling/shorting at very strong resistances).
3) Using RSI (4h & 1d) as a complimentary method. (I am actually preparing P&F charts for both - VERY USEFUL tool).
4) Opening at important SRs BOTH positions with a stoploss at when you know the wrong position is invalid anymore.
5) Waiting for a pullback.
6) Using other P&F only tools as Trend Oscillator for detecting overbought/oversold conditions (in progress).


EDIT: * Actually it was a buy since 229 but had resistance there. At 230 it was all clear. Don't remember what I said to my readers back then, have to check. Maybe someone can help.

[klee]

It make sense to be bullish, but it's hard to trade in such a volatile market. Isn't the stops won't be hold and all long positions will be flushed out before it can reach the highs?

Not sure what you mean but in general I struggled very much with BTC to find a setup (HL or CLOSE, box size, reversal, etc) which will allow me to enter a breakout without getting dumped immediately or soon. BTC tends to react with counter moves in the breakouts/breakdowns and usually you can't enter soon in strong ones because of low liquidity (sudden spikes of many dollars length).

The solutions I have found are:

1) Using a combination of charts which with my experience complement well each other. It is essential unfortunately that you look the market from many different angles. A very efficient (so far) chart is 2h CLOSE 1x1. I advised my readers to go long as soon as when we closed 2h at 232.*
2) Buying at the very strong supports (or selling/shorting at very strong resistances).
3) Using RSI (4h & 1d) as a complimentary method. (I am actually preparing P&F charts for both - VERY USEFUL tool).
4) Opening at important SRs BOTH positions with a stoploss at when you know the wrong position is invalid anymore.
5) Waiting for a pullback.
6) Using other P&F only tools as Trend Oscillator for detecting overbought/oversold conditions (in progress).


EDIT: * Actually it was a buy since 229 but had resistance there. At 230 it was all clear. Don't remember what I said to my readers back then, have to check. Maybe someone can help.

7) Using a Relative strength chart of BTC vs another market index (like SP500, IXIC/COMPQ, DIJ, etc). If BTC chart is bullish AND BTC is stronger than the general market it is an extra confirmation to buy.

$BTC:$COMPQ RS as of this time (before NASDAQ closes):



EDIT: RS charts can be used as an early trend reversal indicator. Usually they reverse before the asset trend chart. This happened here too. The moment we had 3Xs in the RS chart meant we bottomed (at least relatively to NASDAQ, but the NASDAQ was rising too back then so it was a good indication of bottom, regarding BTCUSD).

[hodlmybtc]

It make sense to be bullish, but it's hard to trade in such a volatile market. Isn't the stops won't be hold and all long positions will be flushed out before it can reach the highs?

Not sure what you mean but in general I struggled very much with BTC to find a setup (HL or CLOSE, box size, reversal, etc) which will allow me to enter a breakout without getting dumped immediately or soon. BTC tends to react with counter moves in the breakouts/breakdowns and usually you can't enter soon in strong ones because of low liquidity (sudden spikes of many dollars length).

The solutions I have found are:

1) Using a combination of charts which with my experience complement well each other. It is essential unfortunately that you look the market from many different angles. A very efficient (so far) chart is 2h CLOSE 1x1. I advised my readers to go long as soon as when we closed 2h at 232.*
2) Buying at the very strong supports (or selling/shorting at very strong resistances).
3) Using RSI (4h & 1d) as a complimentary method. (I am actually preparing P&F charts for both - VERY USEFUL tool).
4) Opening at important SRs BOTH positions with a stoploss at when you know the wrong position is invalid anymore.
5) Waiting for a pullback.
6) Using other P&F only tools as Trend Oscillator for detecting overbought/oversold conditions (in progress).


EDIT: * Actually it was a buy since 229 but had resistance there. At 230 it was all clear. Don't remember what I said to my readers back then, have to check. Maybe someone can help.

AFAIK you said buy in the 230-232 region yes, unfortunately I haven't traded in the last couple of weeks.

I'm always in coin tho but I'll definately wait for a small pullback now and do some longs.

Cheers klee!

[klee]

Just to clarify (again), Price Objectives are soft targets. It does not mean that the price will meet the target but they are a very good tool because if the target is not met or violated we have an extra indication of the strength of the movement.

BTC now is in the resistance zone of 4x3 HL (236-240, breakout 248):



Support 228-232.


Also, the 1x2 CLOSE is at resistance (238-239):



Support 234-235.


Sell signals are for 4x3 HL 220, for 2x2 HL 230 (exactly on the support, so maybe 228) and the 1x2 CLOSE at 232$.

So if we hit 230 or lower AND/OR close 232 or lower maybe it is time to sell.

[pontikis13]

What about the coins that are supposed to be auctioned off and the gox coins? How do you think they will affect all of this?

[klee]

What about the coins that are supposed to be auctioned off and the gox coins? How do you think they will affect all of this?

I don't know the effect - it will be an increase in supply for sure but the effect on price will depend on the demand then too.

If for example China decided to find safe haven in cryptos then I don't think the effect will be much.

That's why we have TA, the price will tell us!

[klee]

Huge accumulation between 215-305.

POs for this chart are:

Vertical 673
Horizontal: 330

I will go with the more conservative one (330) because it is confirmed by the 1st bullish resistance too!!

Because we have daily close, I expect the price to close at 330 area and spike higher, probably in the 340-355 area.

This will take time of course. Or not.

What is your prediction about Litecoin?

3.8-4.4$

First LTC target (3.35) is very close...

[klee]

BTC : NASDAQ Composite RS:

[klee]

Looking at ETH, XMR, XRPUSD daily HL, 3%x5 are all very bearish (or oversold?).

[klee]

XRPBTC distribution zone is 35-50K satoshi

[klee]

BTC ALERT for subscribers!

[mengsk]

Hello!
How do I become a subscriber?

[klee]

Hello!
How do I become a subscriber?

https://bitcointalk.org/index.php?topic=1064374.msg12480743#msg12480743

PM me your email..

[klee]

All of my active subscribers at slack will be REWARDED for their faith in me with FREE subscription for 3 months! (1st October - 31st December)

If they want to renew it will be a special offer (only to them) for 10$/month or 80$/year.

ALL of the people who interacted with me here (up to the current post) will get a subscription for 12$/month or 100$/year.

Everyone else will be 15$/month or 150$/year.


The subscription rates are valid ONLY for BTC AND LTC signals, reports and chat with me at slack.

For altcoins I have the same fee structure but the free 3 months offer for the existing slack members is NOT valid.

I will make a more detailed post asap - I have already bought a domain which will be used in a new site where all the action will take place.

Afterwards, slack will be used only for online support & discussion for my members.

EDIT: All offers will be valid from 1st October, so if you subscribe now there is about 10days of free subscription!

If someone wants BOTH BTC/LTC & Alt coins, the fees are as follow:

Current subscribers 15$/month OR 150$/year TOTAL.

People that interacted with me here up to September 21, 20$/month OR 200$/year.

New subscribers 25$/month OR 250$/year.

[klee]

I hope latest next week I will have a site for the signals/reports for the members so Slack will be complementary (especially for those who want support).

EDIT: And for those who for some reason do not want to interact with email (which is needed to subscribe @Slack).

[klee]

ALT coins chart sample (XMR):

https://www.dropbox.com/sh/y2o0v5icfzwfxzh/AACDDwlp8Es_8T44r2XoOTsJa?dl=0

[Fontas Returns]

What do you guys think of the tchnicals on MINTCOIN right now? To me it looks like a good buy.

[klee]

What do you guys think of the tchnicals on MINTCOIN right now? To me it looks like a good buy.

What is the exchange with the biggest volume? Probably not Polo.
I have data only from Polo at the moment (hope this will change in the future).

[klee]

Time to accumulate XRP, XMR, ETH and short BTS...

[Gillette]

Time to accumulate XRP, XMR, ETH and short BTS...

What about DOGE?